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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from or used in operating activities      
Net income $ 446 $ 424 $ 370
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 430 384 377
Deferred income taxes and investment tax credits 28 54 15
Allowance for equity funds used during construction (45) (30) (11)
Deferred recovery clauses (58) (40) 63
Receivables, less allowance for credit losses (32) (10) 52
Inventories (8) 7 6
Taxes accrued (13) 23 1
Accounts payable 53 34 (4)
Regulatory assets and liabilities (10) (18) 1
Other 6 1 (29)
Cash flows from operating activities 797 829 841
Cash flows from or used in investing activities      
Capital expenditures (1,397) (1,361) (1,283)
Net proceeds from sale of assets 0 6 0
Cash flows used in investing activities (1,397) (1,355) (1,283)
Cash flows from or used in financing activities      
Equity contributions from Parent 580 505 395
Proceeds from long-term debt issuance 790 0 292
Repayment of long-term debt (279) 0 0
Net change in short-term debt (maturities of 90 days or less) (230) 127 127
Proceeds from other short-term debt (maturities over 90 days) 500 300 0
Repayment of other short-term debt (maturities over 90 days) (300) 0 0
Dividends to Parent (450) (408) (373)
Other financing activities (3) (2) 0
Cash flows from financing activities 608 522 441
Net increase (decrease) in cash and cash equivalents 8 (4) (1)
Cash and cash equivalents at beginning of the year 10 14 15
Cash and cash equivalents at end of the year 18 10 14
Supplemental disclosure of cash paid (received):      
Interest 120 126 134
Income taxes 62 14 63
Supplemental disclosure of non-cash activities      
Change in accrued capital expenditures $ 25 $ 1 $ 17